Every knee shall bow and every tongue shall confess
No - Whoever this is thinks that we will retest the $220 low on SPY. They'll sell the $270 Puts once SPY is below $230 and then start buying SPY shares into the retest, using the $220 Puts as a no risk backstop.Maximus_Meridius said:So, just to make sure I'm following here, the play is figuring a low of around 270, and the 230 is just a hedge in case SHTF because the premiums are so low?oldarmy1 said:Well they are a day behind me but went out a month further. Interesting. I joined the $230P because when you see that dual strategy what is happening is they are banking the $270Puts somewhere on what they think will be new lows. Anywhere near $230 and they'll use the Puts as hedge against going long on SPY. So for $2 if things work as they hope they might get $40-70 SPY recovery bounce.Maximus_Meridius said:Whatcha think? Someone know something? Or is this another technique of a large buyer trying to hide their moves?IrishTxAggie said:
Absolute monster Put plays!
SPY 6/19 270P. 20MM 7.4
SPY 6/19 230P. 5.5MM 2.04
I didn't jojn the trade but did just throw 10 contract buy out at a nickel and immediately got filled. So anyone want a $5 lotto ticket just bid $0.05Jizzle89 said:
Any update from those BJ 5/15 $.10 $30C posts????
Watching it move up here..
And this is why I ask questions. Thank you, sir.oldarmy1 said:No - Whoever this is thinks that we will retest the $220 low on SPY. They'll sell the $270 Puts once SPY is below $230 and then start buying SPY shares into the retest, using the $220 Puts as a no risk backstop.Maximus_Meridius said:So, just to make sure I'm following here, the play is figuring a low of around 270, and the 230 is just a hedge in case SHTF because the premiums are so low?oldarmy1 said:Well they are a day behind me but went out a month further. Interesting. I joined the $230P because when you see that dual strategy what is happening is they are banking the $270Puts somewhere on what they think will be new lows. Anywhere near $230 and they'll use the Puts as hedge against going long on SPY. So for $2 if things work as they hope they might get $40-70 SPY recovery bounce.Maximus_Meridius said:Whatcha think? Someone know something? Or is this another technique of a large buyer trying to hide their moves?IrishTxAggie said:
Absolute monster Put plays!
SPY 6/19 270P. 20MM 7.4
SPY 6/19 230P. 5.5MM 2.04
Only down 50% so far...OverSeas AG said:That's the one I am watching.AgShaun00 said:
bynd at 120 exp tomorrow is a bold call my manic
i can buy the 115c for .99AgEng06 said:Only down 50% so far...OverSeas AG said:That's the one I am watching.AgShaun00 said:
bynd at 120 exp tomorrow is a bold call my manic
He's late. Been in the 110s since $1.50AgShaun00 said:
bynd at 120 exp tomorrow is a bold call my manic
From his entry point of $1.30, sorry.AgShaun00 said:i can buy the 115c for .99AgEng06 said:Only down 50% so far...OverSeas AG said:That's the one I am watching.AgShaun00 said:
bynd at 120 exp tomorrow is a bold call my manic
i didn't get in when he posted. He posted the 120. I saw the 115 get below his buy price of the 120. I went small as a lotto for a quick run up and getting out if i time it right.AgEng06 said:From his entry point of $1.30, sorry.AgShaun00 said:i can buy the 115c for .99AgEng06 said:Only down 50% so far...OverSeas AG said:That's the one I am watching.AgShaun00 said:
bynd at 120 exp tomorrow is a bold call my manic
IrishTxAggie said:He's late. Been in the 110s since $1.50AgShaun00 said:
bynd at 120 exp tomorrow is a bold call my manic
OverSeas AG said:
When I am seeing volume for an option on my position blotter. What does the number represent, contracts traded or interest (i.e. number of unique trades, but the contracts within the trade could be 1 to infinity)?
oldarmy1 said:I didn't jojn the trade but did just throw 10 contract buy out at a nickel and immediately got filled. So anyone want a $5 lotto ticket just bid $0.05Jizzle89 said:
Any update from those BJ 5/15 $.10 $30C posts????
Watching it move up here..
I would not be surprised by a 120 in the morning.AgShaun00 said:
bynd at 120 exp tomorrow is a bold call my manic
We're so easy!cisgenderedAggie said:oldarmy1 said:I didn't jojn the trade but did just throw 10 contract buy out at a nickel and immediately got filled. So anyone want a $5 lotto ticket just bid $0.05Jizzle89 said:
Any update from those BJ 5/15 $.10 $30C posts????
Watching it move up here..
In at 0.05.
KRLD 1080 in Dallas did a report about restaurants in Texas back on 4/1. 3% were shut down forever in Texas as of 4/1. By end of this month, it would be near 15%. I was going to listen in again tomorrow to see if they report the numbers and if the estimate was correct.oldarmy1 said:
Or that the direct and ripple effect on businesses, particularly small businesses, is realized. I can envision at least 25% of all small businesses not reopening ever again. People thinking its back to business as usual are in for a shocker when they see their favorite restaurant, stylist, auto shop, etc. no longer in business. Even many that do plan on reopening won't until they can fully. A restaurant can't make money at 25% utilization at peak times. Some will just absorb the loss, to maintain favored status and brand, but others won't have that luxury.
Also, whoever this is would be a disciple of the "go away in May" trader. It will be fascinating to see how that historically proven pattern stands up timed against a reopening.
I just bought the 120's for tomorrow. I thought their earnings was today for some reason... Why does he think it will move so much?OverSeas AG said:That's the one I am watching.AgShaun00 said:
bynd at 120 exp tomorrow is a bold call my manic
I would, but I suck at this.2percent said:I would not be surprised by a 120 in the morning.AgShaun00 said:
bynd at 120 exp tomorrow is a bold call my manic
this is confusing to me. RH shows bid at 0 and ask at .1 Before open I grabbed a couple at .1 and threw a .05 out there to try and scalp, and of course everything filled. Saw your post and grabbed a couple more at .05. So there must be plenty of asks sitting out there at .05, why isn't that reflected in the spread?oldarmy1 said:We're so easy!cisgenderedAggie said:oldarmy1 said:I didn't jojn the trade but did just throw 10 contract buy out at a nickel and immediately got filled. So anyone want a $5 lotto ticket just bid $0.05Jizzle89 said:
Any update from those BJ 5/15 $.10 $30C posts????
Watching it move up here..
In at 0.05.